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Informist, Thursday, Oct. 30, 2025

 

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--Jul-Sept consol net profit INR 11.80 bln
--Analysts saw DLF Jul-Sept consol net profit at INR 9.49 bln
--Jul-Sept consol revenue INR 16.43 bln
--Analysts saw DLF Jul-Sept consol revenue INR 22.74 bln
--Jul-Sept consol net profit INR 11.80 bln vs INR 13.81 bln year ago
--Jul-Sept consol revenue INR 16.43 bln vs INR 19.75 bln year ago
--Apr-Sept consol net profit INR 19.43 bln vs INR 20.27 bln year ago
--Apr-Sept consol revenue INR 43.60 bln vs INR 33.37 bln year ago
--Jul-Sept net profit includes one-time income INR 2.35 bln
--Jul-Sept consol EBITDA INR 9.02 bln vs INR 7.08 bln year ago

 

By Sunil Raghu

 

MUMBAI – DLF Ltd. Thursday reported a near-15% year-on-year decline in its net profit for the September quarter. Though the fall in the bottom line comes after 13 consecutive quarters of on-year growth, it is still less than what analysts had anticipated. The company's top line, too, saw a year-on-year degrowth after four quarters of growth, missing analysts' estimates substantially. The Gurugram-headquartered real estate major was expected to report muted growth in top line and bottom line in Jul-Sept amid moderate revenue recognition and higher cost of sales.

 

The company's consolidated net profit for the reporting quarter fell nearly 15% on year to INR 11.80 billion, compared to INR 13.81 billion a year ago and higher than analysts' expectation of INR 9.49 billion. Its revenue came in at INR 16.43 billion compared to INR 19.75 billion in a year-ago quarter and way below the Street's view of INR 22.74 billion. Sequentially, the bottom line jumped almost 55% and the top line declined 40%. The company's net profit includes one-time income of INR 2.35 billion. The company reversed its impairment loss charged earlier in relation to one of its former joint ventures, Twenty Five Downtown Reality Ltd., formerly known as Joyous Housing Ltd.

 

The company's total expenses decreased as the fall in finance costs, employee costs, and depreciation in the cost of land, plots, constructed properties and development rights offset the increase in other expenses. DLF's total expenses in the September quarter fell 9.5% on year to INR 14.52 billion, from INR 16 billion a year ago quarter. The real estate developer's cost of land, plots, constructed properties, development rights and others fell over 13% from a year ago to INR 9.35 billion. 

The company made new sales bookings of INR 43.32 billion in the latest quarter on the back of its maiden launch of The Westpark in Mumbai. The company also repaid debt of INR 9.63 billion in the reporting quarter and its net cash position stood at INR 77.17 billion. The company also had a dividend payout of INR 14.85 billion during the quarter.

 

"The housing sector continues to benefit from a resilient economy, increasing desire towards home ownership and growing demand for branded, credible developers", the company said in a press release. "We continue to leverage our high-quality land bank by calibrating our new product offerings to leverage this sustained momentum in line with our guided trajectory."

 

The company reported consolidated earnings before interest, tax, depreciation and amortisation of INR 9.02 billion, up over 27% on year.

 

For Apr-Sept, the company's consolidated net profit was INR 19.43 billion, lower than INR 20.27 billion in the year-ago period. The consolidated revenue for the first half of 2025-26 (Apr-Mar) came in at INR 43.60 billion compared to INR 33.37 billion in the first six months of FY25.

 

On Thursday, the company's shares closed 0.3% lower at INR 776.55 on the National Stock Exchange. The realty major released its quarterly earnings after market hours.  End

 

Edited by Deepshikha Bhardwaj

 

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